Renters insurance protects you and your belongings in the event of disaster, theft, or vandalism. And yes, it's the type of insurance worth having. Of course, if you're planning to use taxis or ride-sharing services like Uber or Lyft, you'll also have to budget for those higher costs. Some of the best neighborhoods for affordable housing in New York are Washington Heights, Inwood and Harlem (my neighborhood) in Manhattan; Astoria and Long Island City in Queens; Bushwick in Brooklyn; and Union City and West New York in New Jersey.
After all, New York City is very diverse, meaning that the cost of living can vary dramatically depending on the neighborhood. I'm based on my monthly grocery bill, which is a combination of grocery delivery and purchases at Trader Joe's for organic fruits and vegetables. Full-service moving companies are often the best option when you move to New York, as they can handle all the logistics for you. This rule simply states that in order to live comfortably and pay rent, one must earn at least three times the monthly rent before taxes.
Whether you're a culture buff, an art lover, or just looking for an affordable way to spend a few hours on the weekend, New York City's museums will. You should consider this cost in addition to the 10,375% tax and an additional 8% surtax on parking, garage or car storage in Manhattan. There's no shortage of things to do in New York, and many can be done for free or rather affordable without having to pay the moving costs that New York moving companies charge by the hour. If you don't have health insurance through your job, you'll have to budget for the cost of health insurance.
Public transportation is one of the best ways to get around New York, and it's also one of the most affordable. The average cost of health insurance for an intermediate-level health plan in the stock market (note that these numbers change every year). Sure, I would love it if it were cheaper to live in New York City, but in the same way, there are more than enough resources available in the Big Apple to reduce expenses and even eliminate entire categories of expenses, goodbye to car payments. In addition to the essentials, there are also a few extras you'll have to budget for when you live in New York.
In these numbers, you won't find good food or the pitfalls of a life of luxury, but you may discover that living in New York City doesn't cost as much as ill-informed speculators and the media frenzy would have you believe. It includes a summary of the average monthly expenses in New York City, as well as some tips to help you save money after you move.
